Sunday, 11 May 2014

HOW EAST INDIA COMPANY METAMORPHOSED IN TO AN EMPIRE FROM AN ORDIANRY TRADING POST.


  1. WHEN ROBERT CLIVE  TOOK OVER "DIWANI" THE REVENUE AND CIVIL ADMINISTRATION OF BENGAL, HE COULD BENEFIT THE LICENCE TO COLLECT  LAND TAX FROM THE ENTIRE PEOPLE OF BENGAL : 10 MILLION PEOPLE. 
  2.  ROBERT CLIVE COLLECTED 1.7 MILLION POUNDS OF LAND TAX FROM WEST BENGAL WITH CONTROL OF REVENUES OF INDIA'S RICHEST PROVINCE , THE COMPANY 'S ROLE HAS PROFOUNDLY CHANGED. THE COMPANY 'S PROFIT MARGIN WAS 49%.
  3. WHEN THE BRITISH BEGAN MINTING MONEY AND COLLECTING TAXES, BRITISH EMPIRE METAMORPHOSED FROM AN ORDINARY COMPANY TO A DE-FACTO GOVERNMENT. AMAZING HISTORY, INDEED, THIS CLIMBING UP OF POLITICAL LADDER BY ROBERT CLIVE.
  4. THE COMMERCIAL FLOODGATES HAD BEEN OPENED AND OTHER BRITISH INVESTORS FOLLOWED SUIT.  ROBERT CLIVE RETURNED TO GREAT BRITON AS A NATIONAL HERO WITH  HIS PERSONAL FORTUNE EQUIVALENT TO 38 MILLION POUNDS  TODAY.
  5. BUT SOON THEIR COMMERCIAL  DECLINE STARTED WITH BENGAL FAMINE TAKING HEAVY TOLL ON THEIR COMPANY'S FINANCIAL SOLIDITY AND REPUTATION.
  6. ROBERT CLIVE WAS HELD RESPONSIBLE FOR THE MASSIVE DEATH OF BENGALIS IN THE FAMINE.
  7. WHEN BRITISH PARLIAMENT HELD ROBERT CLIVE RESPONSIBLE FOR THOSE FAMINES, HE WAS DESPERATE AND AGHAST.
  8.  IN NOVEMBER 1774, ROBERT CLIVE, WHO WAS AN OPIUM ADDICT, COMMITTED SUICIDE 
  9. WHAT A TRAGIC END FOR THIS GREEDY MAN WHOSE SOLE AIM WAS LOOTING BENGALIS WITHOUT CARING FOR THEM WHEN THEY DIED IN FAMINE.

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